In the context of savings, identify a true statement.
A. Interest rates on savings accountshave typically been uniform across banks.
B. Online savings banks have often provided higher interest rates than traditional banks in recent years.
C. TheFederal Deposit Insurance Corporation is not eligible to insure deposits made in online savings banks.
D. TheFederal Deposit Insurance Corporation (FDIC)insures individual deposits up to $550,000 per account in FDIC-insured banks.
Answer: B
You might also like to view...
During the early 1850s, hundreds of thousands of people migrated to California
A. to farm its rich soil. B. in hope of gaining wealth from gold. C. to take advantage of acres of cheaply available land. D. for its temperate climate and lucrative fishing industry.
Between the years of 1850 to 1900, which group had the most new immigrants.
a. Irish b. Chinese c. Scandinavians d. Germans
The Korean War contributed to turning Japan into a __________
A) U.S. ally B) U.S. enemy C) Soviet ally D) Soviet enemy
Which American policy maker had NO involvement with the failed “Bay of Pigs” invasion?
a. George F. Kennan b. John F. Kennedy c. Dwight D. Eisenhower d. Allen Dulles